MineralRite and Goldfield Services Continue to Grow, Initial Order Expectation Beyond $200,000
12 February 2014 - 1:15AM
Marketwired
MineralRite and Goldfield Services Continue to Grow, Initial Order
Expectation Beyond $200,000
LINDON, UT--(Marketwired - Feb 11, 2014) - MineralRite
Corporation ("MineralRite") (OTCQB: RITE) and Goldfield
International ("Goldfield") are pleased to announce a strategic
partnership with GPX Gold Royalty Corp. ("GPX"). The purpose of
this partnership is to collaboratively unlock revenue from gold and
mineral production. Through its expertise, Goldfield will
complement the royalties secured by GPX by providing proven custom
engineered equipment packaging, mine-site consulting and mineral
processing knowledge.
GPX, a private Canadian company building a portfolio of metals
recovery royalties, will bring production projects and capital to
the partnership, thereby delivering revenue opportunities in
collaboration with qualified gold and mineral asset owners. The GPX
metals recovery royalty (MRR) goes beyond a source of funding for
these asset owners by additionally delivering engineering,
equipment and other key industry relationships.
Following considerable asset due-diligence, GPX has reached
agreement on MRR terms with a well qualified asset partner in
Arizona, which will act as the first project jointly executed by
GPX, MineralRite and Goldfields. This Arizona project, high grade
gold, will be developed in multiple phases as per the mine
development plan commencing early in 2014 with Phase 1A.
GPX President and CEO Raymond Pecoskie, P.Eng commented,
"Evolving this relationship with Kent Harmon and his team
significantly bolsters GPX's already strong network of execution
partners by delivering to our asset partners a perfectly suited US
based equipment manufacturer with a proven track record of job
success. Having spent time at the Goldfield facility in Lindon, I
am very confident in our joint ability to create a win/win for our
collective firms and Shareholders."
This strategic partnership between MineralRite, Goldfield and
GPX will first and foremost deliver the equipment required for
Phase 1A gold production in Arizona, while at the same time
collaborative consideration will be given to undertaking future
phases and additional mineral production projects in the US and
other mine friendly locations.
About MineralRite Corporation:
MineralRite Corporation is engaged in the processing,
certification and sales metals including copper, gold, silver, and
the platinum group metals. Using various proprietary and
ecologically friendly processes and technologies, the Company
extracts precious metals from mining operations ore, reclaimed mine
tailings and high value concentrate material.
About Goldfield International:
Goldfield International machinery is professionally engineered
and built to withstand years of the most rugged conditions and
heavy use. All equipment is built in our Lindon, Utah plant -- from
the engineering draft to final coat of paint. With a proven track
record for efficient, quality machinery, fast response time and
reasonable pricing, Goldfield International has supplied recovery
equipment for a number of the largest placer mining projects in the
world.
About GPX Gold Royalty Corp.:
GPX is a private Canadian company run by industry and capital
markets veterans dedicated to building a portfolio of metals
recovery royalties in geo-politically stable jurisdictions. GPX
developed a proprietary royalty model, the Metals Recovery Royalty
(MRR) to jointly fund qualified assets and deliver capital returns
to its partners and shareholders.
Contact: MineralRite Corporation 55 South Geneva Road Lindon,
Utah Ph. 801-796-8944
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